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NYC Bond Fraud Lawyers

Bonds are securities which are registered with the SEC, if being publicly sold. Because they are publicly sold, they are subject to SEC regulations. They are also subject to all regulations applicable to any securities. Despite the large number of regulations which protect bond purchasers and issuers, fraud still happens. Bond fraud schemes can involve corporate, and municipal bonds. Raiser & Kenniff, PC, can help with all types of bonds, including unregistered bonds, and bearer bonds. Bond fraud typically results in federal and state charges, depending on the type of fraud which was done. If you’ve been charged with bond fraud, you need to hire a top notch bond fraud law firm to help you.

Examples of Bond Fraud Cases We Handle

Mortgage Bonds – Most famous are these in recent years. Mortgage bonds are made up of consumer mortgage debt. Subprime mortgages were packaged into mortgage bond, and were then given AAA ratings from credit agencies. The bonds were sold at inflated values to investors. In 2008, defaults started happening on subprime loans, which created the economic crash. While mortgage bond fraud is well known, other types of fraud also occur with huge financial losses.

Bearer Bond Fraud – These are unregistered bonds, with no records of ownership, sales, or transaction. Only the bearer, the own whose in possession, can redeem it – as long the paperwork is real, and shows the obligation to the bond holder. These bonds are not sold anymore in the USA. People often buy bearer bonds, in order to evade income tax obligations. They believe the bearer bonds will provide a better return on investment. In the past, we’ve seen cases where bearer bonds are sold – that have no value. The bonds are purchased by investors and then can’t redeem the bond. Scams of this nature result in criminal charges. But it can be difficult for the investor to report this scam because the purchase of bearer bonds is prohibited in the USA. In addition, there is no paper trail, and no proof of ownership with these certificates. As a result, prosecutors have a difficult time prosecuting anyone for these cases – which make them a little easier for us, as criminal attorneys.

 

 

Criminal Penalties

Penalties for bond fraud can be multi-pronged. You can run into issues with securities law, general fraud, bank fraud, wire fraud, mail fraud, money laundering, and more. It’s very common for you to be indicted on multiple counts. In addition, bond fraud can result in prosecution by state authorities as well. Prison time is a likely outcome, if a defendant is found guilty. In addition, civil cases are a likely outcome when bond fraud is suspected. Civil fraud charges can result in multi-million dollar fines and penalties. Defendants can also be required to make restitutions.

We can help you fight both the civil and criminal fraud charges. We can help negotiate a plea deal, or get the case thrown out based on faulty investigative procedures, and other technicalities. In the event you are being wrongfully targeted, we can use the evidence to prove you did nothing wrong.

 

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Brooklyn

140 Broadway, 46th Floor
New York, NY 10005

Queens

35-37 36th St,
Astoria, NY 11106

Brooklyn

195 Montague St.14th Floor
Brooklyn, NY 11201

Brooklyn

140 Broadway, 46th Floor
New York, NY 10005

Phone

888-977-6335

Queens

35-37 36th St,
Astoria, NY 11106

Phone

888-977-6335

Brooklyn

195 Montague St.14th Floor
Brooklyn, NY 11201

Phone

888-977-6335

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